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In page Dollar Bank:

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As part of the conversion, the mutual holding company may undergo an initial public offering (IPO) where members of the original mutual company are given an opportunity to purchase shares of the new mutual holding company, but Dollar Bank CEO Jim McQuade says that this is not Dollar's intention[2]. From this point forward, Dollar Bank operates under a mutual holding company structure with Dollar Mutual Bancorp (a mutual entity without shareholders) owning 100% of the common stock of Dollar Bank, Federal Savings Bank.